Grocery Outlet Declines 37% YTD: Should You Hold or Sell the Stock?
Grocery Outlet(GO) ZACKS·2024-09-10 22:06
Grocery Outlet Holding Corp. (GO) has been struggling in 2024, with its stock price declining 37.1% year to date (YTD). This contrasts significantly to the broader industry and the S&P 500 index, both of which have risen 4.3% and 14.5%, respectively. The implementation of new technology platforms negatively impacted the company's gross margin in the second quarter of 2024. However, management expressed optimism for the rest of the year, noting that the company does not expect any further adverse effect on i ...